Ireland: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Ireland

After four years of growth, the Irish market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -7.2% to $X in 2021. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2020, and then dropped in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Ireland

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production of attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Ireland

In 2021, exports of sunflower-seed or safflower oil, refined, but not chemically modified from Ireland fell significantly to X tons, with a decrease of -18.2% compared with the previous year. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 830% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified declined dramatically to $X in 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 1,706% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) and the Czech Republic (X tons) were the main destinations of exports of sunflower-seed or safflower oil, refined, but not chemically modified from Ireland.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +16.3%).

In value terms, the UK ($X) and the Czech Republic ($X) were the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified exported from Ireland worldwide.

The UK, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, dropping by -16.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Ireland

In 2021, after nine years of growth, there was significant decline in supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -9.9% to X tons. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified rose notably to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 32%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

The UK (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of imports of sunflower-seed or safflower oil, refined, but not chemically modified to Ireland, together accounting for 75% of total imports. These countries were followed by the Netherlands, France, Austria and Germany, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +352.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belgium ($X) and Spain ($X) were the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Ireland, together comprising 72% of total imports. The Netherlands, Austria, France and Germany lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Austria, with a CAGR of +285.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, increasing by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :